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In one word: reputation. These schools want to be seen as social-responsibility leaders, etc. I don't want to sound so negative about it, but there's some element of publicity these institutions are seeking.

Think of this: how many people criticized Steve Jobs for not getting involved in charity, although he had billions in the bank? Do you think it looks good for Harvard University, with over $15bn in endowment to not do any good will project?

Lastly, some of these schools already offer remote learning via video. Putting the videos on iTunes is a sunk cost.

Disclosure: I went to one of those "big name" institutions as an undergrad, grad student, and I also worked there. Few are the projects that are TRULY out of the goodness of somebody's heart



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